Vaxtex Cotfab Ltd Share Price

Vaxtex Cotfab Limited was incorporated as a Private Limited Company with the name 'Foolproof Vyapaar Private Limited' at Kolkata, West Bengal on December 26, 2005. The name of the Company was changed from 'Foolproof Vyapaar Private Limited' to 'Vaxtex Cotfab Private Limited' and Certificate of Incorporation was issued by Registrar of Companies, Ahmedabad, Gujarat dated December 30, 2015. Consequent upon the conversion of the Company to Public Limited Company, the name of the Company was changed to 'Vaxtex Cotfab Limited' on March 21, 2018. Vaxtex Cotfab Limited- an NSE Emerge listed Company, is one of the leading textile manufacturing Company in India. The Company was incorporated with the main object of trading. Present management took over the Company during the period 2009 and consequently, there was not much activity in the Company till 2014-15. Old management or erstwhile promoter was not associated with the Company. The company started business of trading in the fabric during FY 2015-16. During initial period, the company used to deal only in cotton fabrics. Subsequently, it started dealing into other types of fabrics as well but at very small scale. The Company used to purchase fabrics from grey fabric manufacturers and large wholesalers. In 2016-17, the Company set up its manufacturing unit at Narol. It started procuring the fabrics directly from the manufacturers at competitive prices and started direct supply. The major customers were garments manufacturers and very small fabric traders, who used to buy in small quantities. The Company operates within the Indian textile manufacturing sector, primarily engaged in the processing and trading of suiting, shirting, and denim fabrics. The Company is a wearable technology manufacturer that is delivering state-of-the-art engineering solutions. It offers a diverse product portfolio, including cotton, polyester blends, and specialized finishes such as pigment and reactive dyeing, supported by an installed manufacturing capacity of approximately 12 lakh meters per month. In January 2020, the Company came up with a Public Issue of 15,96,000 Equity Shares by raising equity funds from public aggregating to Rs 3.83 Crore. Directors in the Board Meeting held on 30th July, 2020 started two different units in the name of: Vaxlife - for trading of garments and fabrics and Vax Pharma - for manufacturing / trading of marks and PPE kits in 2020-21.